Sierra Summit Advisors LLC Makes New Investment in Rocket Companies, Inc. $RKT

Sierra Summit Advisors LLC purchased a new position in shares of Rocket Companies, Inc. (NYSE:RKT) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 900,529 shares of the company’s stock, valued at approximately $17,452,000. Rocket Companies comprises 2.7% of Sierra Summit Advisors LLC’s investment portfolio, making the stock its 9th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Cloud Capital Management LLC bought a new stake in Rocket Companies in the third quarter worth $25,000. Miller Wealth Advisors LLC boosted its stake in shares of Rocket Companies by 65.0% during the 3rd quarter. Miller Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $32,000 after acquiring an additional 650 shares in the last quarter. North Capital Inc. boosted its stake in shares of Rocket Companies by 287.2% during the 2nd quarter. North Capital Inc. now owns 1,820 shares of the company’s stock worth $26,000 after acquiring an additional 1,350 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Rocket Companies during the 3rd quarter valued at about $38,000. Finally, CX Institutional bought a new position in shares of Rocket Companies in the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 4.59% of the company’s stock.

Insider Activity at Rocket Companies

In other news, Director Matthew Rizik sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $22.99, for a total transaction of $57,475.00. Following the sale, the director directly owned 1,038,536 shares in the company, valued at approximately $23,875,942.64. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 32,500 shares of company stock valued at $645,775. 92.64% of the stock is currently owned by company insiders.

Rocket Companies Stock Performance

NYSE RKT opened at $18.17 on Friday. The company’s fifty day moving average is $20.01 and its two-hundred day moving average is $18.93. Rocket Companies, Inc. has a 52-week low of $10.94 and a 52-week high of $24.36. The company has a debt-to-equity ratio of 2.16, a current ratio of 19.68 and a quick ratio of 19.68. The firm has a market capitalization of $38.23 billion, a price-to-earnings ratio of -139.75 and a beta of 2.31.

Rocket Companies (NYSE:RKT) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Rocket Companies had a negative net margin of 1.02% and a positive return on equity of 4.38%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the business earned $0.04 earnings per share. The firm’s revenue for the quarter was up 52.2% on a year-over-year basis. Equities research analysts forecast that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Rocket Companies News Roundup

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Q4 results beat expectations — adjusted EPS $0.11 vs. consensus ~$0.09 and revenue $2.44B, up 52% year‑over‑year; the market reacted strongly to those beats. Zacks — Q4 Earnings Beat
• Positive Sentiment: Management issued stronger Q1 revenue guidance ( ~$2.6B–$2.8B vs. Street ~ $2.3B ), signaling continued top‑line momentum into the new quarter. Company Q4 Press Materials
• Positive Sentiment: Strategic alliance with Compass / Redfin to surface Compass’s exclusive listings could materially expand Rocket’s addressable market and lead generation (company cites potential for ~500k additional listings). PR Newswire — Compass Alliance
• Neutral Sentiment: Analyst action: Wells Fargo raised its price target from $17 to $19 and kept an “equal weight” rating — a modest endorsement but not a buy upgrade. Benzinga — Wells Fargo PT Raise
• Neutral Sentiment: Management change: CFO Brian Brown was appointed President while remaining CFO/Treasurer — continuity in finance leadership but adds an execution watchpoint. PR Newswire — Earnings Release
• Negative Sentiment: Short interest surged in February (~54.4M shares short, ~35.1% of float), raising the risk of volatility and squeezes despite the low days‑to‑cover.
• Negative Sentiment: Full‑year profitability was pressured by heavy acquisition activity (profits fell on the year), which could weigh on margins even as Q4 shows recovery. Crain’s Detroit — Acquisition Impact

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BTIG Research reaffirmed a “buy” rating and set a $25.00 target price on shares of Rocket Companies in a research report on Wednesday, November 19th. Keefe, Bruyette & Woods boosted their price objective on shares of Rocket Companies from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, December 18th. Oppenheimer started coverage on shares of Rocket Companies in a report on Thursday, November 13th. They set an “outperform” rating and a $25.00 price objective for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Rocket Companies in a report on Monday, December 29th. Finally, Wells Fargo & Company upped their price target on shares of Rocket Companies from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rocket Companies currently has a consensus rating of “Hold” and a consensus price target of $20.64.

About Rocket Companies

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.